Kraken Robotics Announces $35 Million in Battery Sales (TSX-V:PNG)

ST. JOHN’S, Newfoundland and Labrador — January 13, 2026 — Leads & Copy — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) has announced $35 million in battery sales to three unnamed customers.

Greg Reid, President and CEO of Kraken Robotics, said that the company is pleased with the increasing momentum of SeaPower battery sales. Reid added that Kraken anticipates continued strong growth with its current UUV customers and plans to integrate on several new platforms throughout 2026. With manufacturing capacity coming online in North America and its European operations, the company is positioned to supply power systems to the rapidly growing UUV segment across platforms from extra-large to small (XLUUV to SUUV).

SeaPower batteries enable long-endurance subsea operations on unmanned underwater vehicles (UUVs). They have 200% greater energy density and 46% less weight per kWh compared to traditional oil-compensated or pressure-housed batteries, which allows for extended, deeper, and more complex underwater missions for defense, commercial, and marine research applications.

Kraken Robotics Inc. is transforming subsea intelligence through 3D imaging sensors, power solutions, and robotic systems. Kraken’s products and services enable clients to overcome the challenges in our oceans – safely, efficiently, and sustainably.

Kraken’s synthetic aperture sonar, sub-bottom imaging, and LiDAR systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure, and geology. Its pressure-tolerant batteries deliver high energy density power for UUVs and subsea energy storage.

Kraken Robotics is headquartered in Canada with offices in North America, South America, and Europe, supporting clients in more than 30 countries worldwide.

Figure 1: Kraken Robotics’ New Battery Manufacturing Facility in Nova Scotia Beginning Operations in Q1 2026.

Erica Hasenfus, Director of Global Marketing, can be reached at erica.hasenfus@krakenrobotics.com.

Shant Madian, Director of Capital Markets, can be reached at shant.madian@krakenrobotics.com.

Investor Relations can be contacted at investors@krakenrobotics.com.

Source: Kraken Robotics Inc.

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